I mean....22 Jan 2026 07:58
... no one long myself included likes placings, but this statement definitely tempers any discomfort..
"Net proceeds will be used to fund a 16,000 metre infill drilling programme and expand the operation and project team at Redmoor. This work is expected to substantially complete all the required drilling for a prefeasibility study ("PFS")."
I mean, minor dilution to get to a PFS and quickly, well thats ok with me. and then bringing UHNW investors on board is never a bad thing, people having been saying SML needs "better" investors.
And finally there is the price, very little discount, brings confidence from those investing.
I dont actually feel bad for this placing which is very odd